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re: saving at the beginning of your career.
Posted on 11/12/13 at 6:32 pm to Volvagia
Posted on 11/12/13 at 6:32 pm to Volvagia
quote:
With more aggressive 12% return projection, that $120 dollars in 2013 will be over $100k in 2053.
This math seems off by an order of magnitude.
Did you mean 1200 as opposed to 120?
He has to be. Plus, 12% is just unthinkably generous.
2
Posted on 11/12/13 at 6:42 pm to kingbob
Somebody correct if I am wrong(not too hard 
)
but I have heard that if a 25 year old starts investing $100 a month in some sort of modest growth funds till they are 65 years old, they will be have around $1 million dollars accumalated.
) but I have heard that if a 25 year old starts investing $100 a month in some sort of modest growth funds till they are 65 years old, they will be have around $1 million dollars accumalated.
Posted on 11/12/13 at 6:58 pm to kingbob
Hes talking about 120 a year for 40 years. Not 120 once.
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